TNS Expands Hosting Services To New York And Chicago Financial Hubs
Low latency trading firms looking to access key equity, derivatives, and FX markets can now choose Transaction Network Services (TNS) as it expands its managed hosting, colocation, and connectivity service to New York and Chicago.
TNS’ new solution, already launched in Europe and Asia, provides efficient and cost-effective managed hosting in remote data center locations on behalf of financial market participants and providers. The service allows them to enjoy the benefits of proximity co-location, such as ultra low latency exchange access and client cross connects without the high cost and complexity of researching, procuring, installing and managing trading infrastructure themselves.
“New York and Chicago are two of the world’s most important financial centers and we are delighted to be helping our community by establishing a facility which allows firms to capitalize on the opportunities that proximity and low latency trading presents in these centers. Managing third party data center hosted facilities can present a significant problem for organizations challenged with resource, know-how and capital constraints, said Tom Lazenga, vice president of sales, TNS’ Financial Services Division.
“We have designed TNS’ Managed Hosting, Co-Location and Connectivity Service so clients can speed up market entry as well as have the flexibility to test new markets as required. The fully managed solution is highly flexible and allows a firm to scale operations when needed without significant internal resource or capital commitment,” he added.
TNS’ Managed Hosting, Co-Location and Connectivity Service will be available in the Secaucus campus and Chicago CH4 data centers. From these locations trading firms have access to hundreds of markets, alternative trading venues, public and private cloud services and other financial market participants.
“These sites offer many great trading opportunities, including FX venues such as Hotspot and Currenex, and key markets like IEX and CBOE-Bats. We are connected to virtually all the markets in both sites and have already commenced service delivery for a number of parties. We look forward to helping these and other organizations to secure their presence in New York and Chicago,” said Lazenga.
TNS’ managed hosting, colocation and connectivity service includes provision of data center facilities, server hosting and connections to a managed low latency data center network, as well as access to TNS’ 2,000+ strong extranet financial community of interest which spans the Americas, Europe, and the Asia Pacific region. The fully managed solution sees resources deployed as required with TNS handling shipping, installation, fault resolution, moves, additions and changes.
A variety of options are available, including shared rack and dedicated full rack space, scalable power to match hardware needs and the ability to choose a preferred operating system. Local and international connections are available, as well as low latency connectivity with on-net connections delivered within three days.
Optimized for electronic trading, TNS’ robust secure network is relied on by the global financial markets for mission-critical connectivity to multiple diverse trading partners, including many of the world’s most prominent and influential buy- and sell-side institutions, market data and software vendors, exchanges, and alternative trading venues.